Procurement Analyst
A procurement Analyst is a professional responsible for sourcing, evaluating, and purchasing the goods, services, and materials an organization needs to operate while managing supplier relationships and controlling costs
Quiz Questions
Q526: A tender requires a bid security of 5% of the estimated value of 60,000. What is the amount of the security?
3,000
12,000
57,000
3,300
3,810
Q527: Three bidders submit the same reference project described in identical words. What is the best step?
Negotiate secretly with only one supplier
Let the supplier write the requirements
Ignore the issue and continue as planned
Verify the references independently and consider whether collusion or copying has occurred
Sign the document without reading it fully
Q528: A contract is worth 90,000 and a 30% advance payment is made. What balance remains to be paid?
27,000
63,000
90,000
117,000
89,970
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